Construct the index of industrial production from the following data-2- Commodity 2-c- Output in tonnes 2- Weights 2 - 3 2011-12 2016-17 Mining 120 180 25 Electrical Products 200 290 45 Manufactured Goods 150 220 30

nbsp; Industry Output in 2011 12 (q0) Output in 2016 17 (q1) Weights (W) nbsp; q1q0 #215;100 q1q0 ...

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Standard XI

Statistics

Index of Industrial Production

Construct the...

Question

Construct the index of industrial production from the following data:

Commodity Output (in tonnes) Weights

2011-12 2016-17

Mining 120 180 25

Electrical Products 200 290 45

Manufactured Goods 150 220 30

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Solution

Industry
Output in 2011-12
(q₀)
Output in 2016-17
(q₁)

Weights
(W)
$(\frac{q_{1}}{q_{0}} \times 100)$ $(\frac{q_{1}}{q_{0}} \times 100) W$

Mining 120 180 25 150 3750

Electrical Products 200 290 45 145 6525

Manufactured Goods 150 220 30 146.67 4400.1

ΣW=100 14675.1

Index Number of Industrial Production $= \frac{Σ (\frac{q_{1}}{q_{0}} \times 100) W}{Σ W} = \frac{14675.1}{100} = 146.75$

Industry	Output in 2011-12 (q₀)	Output in 2016-17 (q₁)	Weights (W)	$(\frac{q_{1}}{q_{0}} \times 100)$	$(\frac{q_{1}}{q_{0}} \times 100) W$
Mining	120	180	25	150	3750
Electrical Products	200	290	45	145	6525
Manufactured Goods	150	220	30	146.67	4400.1
			ΣW=100		14675.1

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Commodity	Output (in tonnes)		Weights
Commodity	2011-12	2016-17	Weights
Mining	120	180	25
Electrical Products	200	290	45
Manufactured Goods	150	220	30

Construct the index of industrial production from the following data: Commodity Output (in tonnes) Weights 2011-12 2016-17 Mining 120 180 25 Electrical Products 200 290 45 Manufactured Goods 150 220 30

Industry Output in 2011-12 (q0) Output in 2016-17 (q1) Weights (W) q1q0×100 q1q0×100W Mining 120 180 25 150 3750 Electrical Products 200 290 45 145 6525 Manufactured Goods 150 220 30 146.67 4400.1 ΣW=100 14675.1 Index Number of Industrial Production =Σ q1q0×100WΣW=14675.1100=146.75

Construct the index of industrial production from the following data:

Commodity Output (in tonnes) Weights

2011-12 2016-17

Mining 120 180 25

Electrical Products 200 290 45

Manufactured Goods 150 220 30